Tag Archives: dsj cpa
HHS Implements Rigorous Reporting Requirements for Healthcare Providers That Received CARES Funding
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- Recipients of Provider Relief Funds required to file reports quarterly, beginning June 30
- Healthcare providers rapidly approaching May 24th deadline to accept funds and T&Cs
- If lost revenues or COVID-19 expenses are less than funds received, HHS set to claw
NYS Senate Hopeful Pushes to Declare China Handling of COVID-19 Act of Terrorism
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- Palumbo (R-New Suffolk) calls on Trump, Cuomo to declare Chinese COVID-19 response an Act of Terrorism
- Doing so would allow businesses to access Terrorist Risk Insurance Fund
- Small businesses continue to have claims denied due to lack of virus-specific coverage
Safety vs. Probability: Planning For Retirement
As we progress through life, we find there are certain things we can control and others we cannot. However, even with the things we can’t control, we can exercise good judgment based on facts, due diligence, historical patterns, and a … Continue reading
How to Get the IRS to Pre-Approve Your Taxes
It might seem odd, but it is possible to get the IRS to give you a straight-forward and binding answer to ambiguous tax positions in advance. How does this happen, you ask? The answer is through an IRS private letter … Continue reading
Trump Tax Law Makes Now the Perfect Time for the Roth Conversion Retirement Trick
April 2019
Converting a traditional IRA to a Roth IRA takes some fortitude and faith in the future numbers because this change can accelerate your tax bill. The current market and tax rate cuts from President Trump’s plan, however, are … Continue reading
New York State Will Not Follow New Federal Tax Law
The NYS Department of Taxation and Finance issued a Technical Memorandum on Dec 28, 2018 highlighting the State’s decoupling from certain provisions of the federal Tax Cuts and Jobs Act of 2017. Unlike prior years, your 2018 New York State … Continue reading
Take Your Clients to Dinner
In a notice released on October 3, 2018, the IRS clarifies that taxpayers may continue to deduct 50% of food and beverage expenses associated with their trade or business.
The Tax Cuts and Jobs Act (TCJA) amended IRC Code Section … Continue reading
Would a $1,000 Tax Deduction get you in the Gym?
America is one of the heaviest societies in the entire world. Two-thirds of Americans are classified as obese or overweight using Body Mass Index as a measurement. These aren’t just ugly statistics; medical conditions linked to obesity caused more than … Continue reading
Yay, More Take Home Pay! Wait, Possible Tax Penalties!
The new tax laws made by the Tax Cuts and Jobs Act, include significant shifts in the tax brackets of U.S. taxpayers. Due to these changes, the IRS has updated its income-tax withholding tables for 2018. While you may … Continue reading
Estate Planning Essentials You Need to Revisit Due to the New Tax Law
Estate planning is never done. Just like a piece of real estate, it needs periodic maintenance and care to make sure it’s in good shape when you need it most. Provisions in the newly passed GOP tax plan mean it’s … Continue reading